405/407 4th Street, International Falls, MN
$169,500
3,040
Square feet
0.11
Acres
About 405/407 4th Street
Turn-key Mixed-Use Investment Property – 11% Cap Rate – Fully Rented Don’t miss this prime investment opportunity featuring a commercial business space with two residential apartments above, all fully rented and producing strong, consistent income. The main floor office space has been rented by the same tenant for 20+ years, adding stability to the commercial portion, while the two second floor 2 bedroom apartments provide reliable residential cashflow. With an impressive 11% capitalization rate, this mixed-use property offers the perfect blend of turn-key asset with tenants in place and cash flow from day one. Add this high-performing property to your portfolio today!
Features of 405/407 4th Street
| MLS® # | 7065137 |
|---|---|
| Price | $169,500 |
| Square Footage | 3,040 |
| Acres | 0.11 |
| Year Built | 1940 |
| Type | Commercial |
| Status | Active |
| Contingency Type | None |
Community Information
| Address | 405/407 4th Street |
|---|---|
| Subdivision | International Falls |
| City | International Falls |
| County | Koochiching |
| State | MN |
| Zip Code | 56649 |
Amenities
| Utilities | Electric Common, Heating Common, Hot Water Common |
|---|---|
| Parking | Off Site, Parking Lot, Open |
| Is Waterfront | No |
| Has Pool | No |
Interior
| Appliances | Range, Refrigerator |
|---|---|
| Heating | Boiler |
| Fireplace | No |
| Has Basement | Yes |
| Basement | Other |
Exterior
| Exterior Features | Block |
|---|
School Information
| District | International Falls |
|---|
Additional Information
| Zoning | Residential-Multi-Family |
|---|---|
| Foreclosure | No |
| Short Sale | No |
| Taxes | $3,460 |
| Tax Year | 2026 |
| Office | Move it Real Estate Group/Lakehomes |
Listing Details
| Office | Move it Real Estate Group/Lakehomes |
|---|